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20121027
20121104
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is the size of his government footprint? but he needs on to be able to do that to keep the rest of us in line doing the right things. drinking the 16 ounce or less sugary sodas. anyway, go made. >> let's get a preview of today's jobs report. joining us right now from new york is the chief economist of fao economics. also from chicago, we have lou graves. good morning to both of you. lou, i think you're looking for a lower number than economists consensus. why are you looking for a lower number? >> one is a shift in what i see the local government education sector. >> war of the words. sorry. i don't know why my mike is open. >> but we've seen a shift into august for that sector. the hiring for that sector in august and september was the highest in the 57 year history that they've been following that. so if the other adjust the number this month only brings it up to the averages of the next few years, i think we can get a decline of, say, 25,000 in that sector. so that's why i think the government will be weaker than the private secretary it tore. but as far as the private sector goes, the emp
of raising the protectionist flag and you're also cutting a lot of government spending. it's tough to get 4% growth. you can unleash, is that what unleashed the private sector, julian, do you think? >> 4% growth would certainly unleash -- >> can we unleash it by cutting and by, you know, starting a trade war with china? >> well, i think a trade war with china might very well in all seriousness help a lot of our industry here. >> that's an interesting take. >> the chinese are much more exporters than they are importers, and if they were hurt, i don't think that would necessarily hurt us. >> i thought they were just exporting cheap goods to help us here in this country. that's not it? >> to your point to growth, this is the most important piece of the -- >> solves a lot of things, solves the cuttings, solves everything. >> we could talk about this later if you have to go on to other folks but the policy levers to create growth are fiscal, monetary and trade and tax and regulatory. those are your policy levers. you've ticked through each one for president obama on regulatory, he has chilled gr
reports. pfizer, nrg and entergy. the government still planning to release personal income and spending data at 8:30. >> the question is did they decide to shut down the electronic portion because the s sec and others said we don't know whether the system unto itself will work, or -- >> they did taest it back in march. >> and they were undetermine pressure in banks and companies saying we don't want to send people to work. it's one thing to say we won't go it to the floor, but if you keep the can exchange oem, peop still have to interact with it. so the real question there. >> lower manhattan is probably not a place you want to hang out. >> goldman sachs which is right down there put out a memo saying you tonig don't have to come to work, but trading is open, so please come if you can. which goes to the issue they are right in the heart of what's called zone a which they're telling other people to evacuate. so i think this is part of what's going on. sbl we' . >> we've talked about the greedy wall street types. used to get a nickel to trade and now a basis point or something. unless the
'd probably be a view that government would be potentially shrinking. short-term, about what would happen with the fed. and i don't think that a reelection of obama is necessarily much worse for markets, but it is less positive in terms of the markets. >> i'm seeing both sides. i'm seeing people that -- people that just love, i don't know, spending ahead. and worry about austerity and if romney gets elected, talking about austerity, in the same boat as europe and he's going to turn off the federal reserve. and that's amazing to me that as we hurdle toward 40% of gdp being spent on government entitlements by whatever year, but it's coming if we don't curb things. i would think that curbing that near term would be a positive. but i see people arguing that he'd be cutting off the punch bowl, romney, if he were elected. >> well, you know, that's a great question. and i think in terms of timing, you know, i think it would be unrealistic for a new president to make one of his first 100 days act to change the fed. >> so we decided we like bernanke then? so qe-3, the way to say that romney won't
's a government-run program so obviously they're going to try to better assess what kind of pricing they charge for the flood coverage. >> but you would expect that flood insurance pricing just from the government program itself would go up as a result of this, too? >> usually when you have losses what follows are price increases afterwards but yes, i would certainly expect you might see some changes there as well. the assessment of this storm, as bad as it seems the european reinsurance companies were trading up today. >> we saw that earlier. which companies have the most exposure here? >> there are several that have exposure in the northeast. allstate, travelers, chubs, aig, hartford, any number of those would have exposure to the northeast. >> what were the other? >> allstate, travelers, chubs, aig, hartford. >> gloria, we have to run, quick question and i know two years does not make a trend, given we have two storms in way we haven't had in many years does that change how insurance is going to be marketed for example up here? >> i don't think it's going to change how it will be marked. i t
Search Results 0 to 4 of about 5

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